Bitcoin has fallen from 93,700 all the way down to 91,500 before finally stabilizing. Right now, there's not much movement.

Looking at the hourly chart, the market is still stuck in a downtrend channel. The few rebounds in the middle haven't even touched the moving averages, which indicates that the bulls are really out of strength. Although there is some support below, it's just a breathing point during a sharp decline—don't expect a rebound back up.

Let's consider the short-term strategy:

For Bitcoin, it's more reliable to look for shorting opportunities in the 92,800 to 93,800 range, with targets around 91,000 to 90,200.

For Ethereum (ETH), consider short positions between 3,260 and 3,310, with support levels around 3,150 to 3,100.

However, the market changes rapidly, so everyone should operate cautiously and never slack off on risk management.